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Interplay Up, Titus Down

Interplay manages to get back to work this week, while Titus Interactive files for bankruptcy.

According to several media reports, Interplay has managed to pull itself out of the fire this week with the state's top labor agency, but parent company Titus Interactive has filed for bankruptcy. According to a new report in the Orange County Register, Interplay CEO Herv¿ Caen has managed to reinstate its workers' compensation insurance, which allowed the company to put its workers back on the job - last week the state locked the doors of its Irvine, California offices due to the company not carrying any insurance - which is a general requirement of any company with employees doing business in the state.

Paris, France-based Titus Interactive on the other hand, is not having such luck, according to a report in AOF, which says that the company has filed for bankruptcy. Yesterday the company's stock was halted by The Tribunal of Commerce of Meaux and today the company that owns a majority stake in Interplay is looking for ways to avoid having to liquidate assets. Titus Interactive was founded in 1985 by Herv¿ and Eric Caen and currently holds a 70.5 percent stake in U.S. based Interplay. We'll bring you more on this story as it develops.